Protests in France

[EyeBRollin]

Value is a function of supply and demand. Bankers regulate the supply and demand of the currency through various methods.

Thus they are directly involved in the value of a currency through its issuance.

These are foundational basic facts.

Cite the text in the rules that states supply and demand must be considered before the banker can hand out bills to players.

(Hint: you can’t. No such limitation)

 

[EyeBRollin]

The solution is first to take Government and insurance out of the equation.

That’s a slogan not a solution. Be specific. How do you propose we treat sick poor people?

 

[EyeBRollin]

Rules are irrelevant from basic economic facts.

Supply and Demand is irrelevant of banking rules.

No, they’re not. Exercise #2: Why is U.S. dollar accepted as a form of payment?

 

[Von]

https://www.ft.com/content/3d907582-b893-11e7-9bfb-4a9c83ffa852

Macron is right wing, not left. Maybe everyone in France is leftist by US standards, but they consider him a right winger.

(Damn link is subscription only)

France has slashed its contentious wealth tax and introduced a flat rate on capital gains as president Emmanuel Macron used his first budget to unleash business-friendly policies aimed at attracting investors and revitalising the eurozone’s second-largest economy.

The French parliament on Tuesday adopted a package of measures for 2018 that included scrapping the wealth levy on everything except property assets — in effect cutting the tax by 70 per cent. A 30 per cent flat tax rate will also be introduced on capital gains, dividends and interests — a longstanding demand from investors and entrepreneurs.

Macron was elected on a Coalition Based - Right Wing Frame. On the intention of ''regrouping every star from every sector and side of politics and State Banking and Finance''

Yes, in France, everyone including the Right Wing are ''Socialist'' according to USA standards.

France French believe in a Strong Governement that controls everything and recently they started promotin private corporations to manage ''state assets'' (see State-Sponsored Private Compagny). It's a French way of having a ''public system run like a private company''.

France is at its 5th or 6th Republic... A Famous saying among French (like me): ''France Governement collapse and is reborn every 2 to 3 generations... the time we build the system-exploit it to bankruptcy-remake it again to the new flavour of the time''

It's came down to King Louis 14th, the Sun King: ''The State is God and I am the State'' (He died with France at the Height of its World Power Status at the time... except the country was Broke and in 5 to 10 different wars)... A real French issue

In my French Canada... French Immigration is now number 1 especially in the youth (Young French running away from France) because they find it ''suffucating/without future/old''.... It reminds me of the Irish and Italian vast emigration crisis. Arabs and French now share a common modern issue: They all have to leave their home country for a ''better life in the New World aka North America''

 

[EyeBRollin]

It is not a slogan, it is the first step in treating poor people.

Nope, your slogans are not solutions. You haven’t offered anything but typical right wing platitudes.

 

[EyeBRollin]

Yes they are.

Supply and Demand are natural laws.

Rules are human built processes.

The ability to issue currency has nothing to do with supply and demand.

 

[AttackFormation]

You are factually incorrect.

 

[AttackFormation]

I was referring to you being a troll, haha.

 

[EyeBRollin]

Yes I know he is trolling.

Issuance impacts supply. This is a fact which leftists cannot seem to understand. Likely related to why they cannot understand the reasons socialism fails.

Correct, issuing currency does impact supply. Unfortunately for your irrelevant side argument, supply does not impact ability to issue. Comprende?

 

[lamath]

I was referring to you being a troll, haha.

That just reflect the difference on point of view.
It all depends where you are from.

We can see that Danger is american and you guys are not, its a culture thing.


I used to have the same views as Danger, but in the last 20 year we can see that uncheck capitalist cant work.

Some corporation have so much ressource that no one can compete with them, then it creates a monopoly. Even if there is law against monopoly it seems its really hard to prevent or prove.

Ive seen some big corp with lots of money lower their price in the red for many years just to crush the smaller guy.

You should see our cell phone bill here its almost 2 time what people in America pays, we only have 3 big company.

 

[EyeBRollin]

In some sense supply and demand does impact the ability to make specific currency moves without repercussions.

That is of no consequence to the discussion. The fact stated is that a currency issuing government cannot run out of money it is legally able to produce. This is pure indisputable fact. Repercussions do not dictate the ability to issue currency. Supply and demand do not dictate the ability to issue currency. You refuse to accept the fact that the U.S. government, like the bank in monopoly, cannot run out of money.

 

[AttackFormation]

That just reflect the difference on point of view.
It all depends where you are from.

We can see that Danger is american and you guys are not, its a culture thing.


I used to have the same views as Danger, but in the last 20 year we can see that uncheck capitalist cant work.

Some corporation have so much ressource that no one can compete with them, then it creates a monopoly. Even if there is law against monopoly it seems its really hard to prevent or prove.

Ive seen some big corp with lots of money lower their price in the red for many years just to crush the smaller guy.

You should see our cell phone bill here its almost 2 time what people in America pays, we only have 3 big company.

It's really beyond corporations as such, the Austrian economics that Danger is a proponent of, a variation of neoliberalism, is a comprehensive ideology of how the world works and how it should be (it even has a fake history on the origins of money). And in that ideology, the method of "research" is axiomatic-deductive, anti-empirical. It creates a network of tautologies that are true simply by definition. So it really doesn't matter that neoliberal capitalism creates things like The Great Depression already 80 years ago, because according to its own methodology, the ideology cannot be wrong. It works much the same as a religious script requiring faith, or the axiom that 1+1=2 in math.

Ironically considering you mention difference in culture, there used to be an "American school" of economics with people like Simon Patten and Thorstein Veblen in it to oppose this, but it's been crushed. Now there is hardly a remnant of it, just the class war propaganda of JB Clark and the Mont Pelerin Society founders Friedrich Hayek, Milton Friedman, Ludwig Mises, etcetra in the form of modern day neoliberal shills like Paul Krugman.

 

[EyeBRollin]

That just reflect the difference on point of view.
It all depends where you are from.

We can see that Danger is american and you guys are not, its a culture thing.


I used to have the same views as Danger, but in the last 20 year we can see that uncheck capitalist cant work.

Some corporation have so much ressource that no one can compete with them, then it creates a monopoly. Even if there is law against monopoly it seems its really hard to prevent or prove.

Ive seen some big corp with lots of money lower their price in the red for many years just to crush the smaller guy.

You should see our cell phone bill here its almost 2 time what people in America pays, we only have 3 big company.

Im American. Half our population has been brainwashed for decades that corporations have our best interest at heart and that market outcomes are always better than the well being of our own population. You would think everyone here is a billionaire by attitudes regarding capitalism and socialism.

In reality, America is a country that practices socialism for plutocrats and exploits it’s own countermajoritarian institutions to further that goal.

 

[AttackFormation]

lol, here we go with the same old tired fallacies. Zimbabwe. Because a corrupt government that further helped destroy its own industry (no doubt assisted by the Washington consensus on that) after a natural disaster causing the country's own productive capacity to collapse and didn't have a functional tax system suffered from hyperinflation, we should just dismantle (public, democratic) "government".

 

[AttackFormation]

So you are saying the Zimbabwe currency collapsed for reasons other than mass printing?

I'm saying that in history, hyperinflation has occurred because a country collapses first and the currency follows. If the country's productive capacity is destroyed or absent and it can neither produce what it needs nor export competitively while being dependent on imports and especially if simultaneously beset by capital flight, speculators, foreign debt, and destructive foreign policies (Washington consensus, Versailles treaty), if it doesn't have a functional tax system to manage the flow of funds in society, if the state is corrupt, then production costs and thus consumer prices will increase and what industry remains will break down, causing prices to increase further, and mass printing in a desperate attempt to keep up with the rising prices is a symptom of this collapse.

Of course this can't be true according to the methodology you follow which puts it backward, so I am really saying this for other people who may read this thread.

 

[AttackFormation]

Chronic currency devaluation is a symptom of dysfunction and collapse in much the same way a growing tumor is a symptom of cancer.

Only in your tautological ideology is anyone arguing that "supply and demand" drives reality and not industrial capacity and policy, monetary policy, fiscal policy, trade policy and dependence, social policy, foreign debt, other countries' foreign policies, capital flight, speculation, corruption and natural disasters.

 

[EyeBRollin]

So you are saying the Zimbabwe currency collapsed for reasons other than mass printing?

Yes, we already addressed your right wing talking point. Mass printing was the result of extreme political instability.

 

[EyeBRollin]

EyeBRolling argued that supply of currency does not impact pricing. This is just stupid.

Look at the depression...there were plenty of goods available for sale as well as services.

People were ready and willing to work. Capacity existed to meet demand.

But nobody had any currency to purchase it with.

It is beyond stupid to argue that quantity of currency does not impact prices.

Incorrectly citing my argument is called LYING. Your argument was that supply and demand dictate a sovereign government’s ability to issue currency. Your understanding of this discussion is limited to the same regurgitated right wing, corporate propaganda that has been fed to you to keep you against government programs.

Fact: all politics are moral. The US government cannot run out of money. Rather than improve the well being of the population, people like danger vote every year to give more and more of that money to billionaires (to which Danger will never be) in the form of tax breaks and subsidies. God Bless America!

 

[EyeBRollin]

Mass printing devalues currency.

Now explain how that prevents the bank in Monopoly from paying the players.

 

[AttackFormation]

Mass printing devalues currency.

"Currency devaluation" is not the same as "consumer price inflation". Currency devaluation means the exchange rate falls, but you are in good faith to your ideology using it to mean consumer price inflation.

The problem is that most "currency" is bank-created credit which disappears when the so-called "loan" is called in - it's not loaned out of any deposits or reserves - not government money, and on this credit interest and fees are owed meaning society gets progressively more debt-ridden, government austerity prevents governments from supplying purchasing power, and debt deflation and rentier profiteering in the private sector & regulatory capture in their favor is the chief cause of price inflation and the prevention of there being a "market".

And Austrianism/neoliberalism either doesn't recognize that these things exist (debt deflation, rentiers, the flow of funds from debtors to creditors, credit creation theory of banking), is a proponent of it (austerity), or thinks it should be solved by abolishing any attempt to solve it (regulatory capture).